The Farmers & Merchants Bank Mortgage Lending & HMDA Data, 2024
In 2024, The Farmers & Merchants Bank of Stuttgart, AR reported 459 mortgage applications totaling $104.2 million, down 6% from 2023. The average application was for $227,047, and applicants reported an average income of $106,202. 71% of its applications resulted in an originated loan and 16% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (78), Little Rock-North Little Rock-Conway, AR (26) and Jonesboro, AR (20) (applications in parentheses).
| Mortgage Company & Address | The Farmers & Merchants Bank 708 S Main St Stuttgart, AR 72160 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 |
| Total Number of Mortgage Applications | 459 |
| Total Mortgage Loan Application Amount | $104,215,000 |
| Average Mortgage Loan Application Amount | $227,047 |
| Highest Mortgage Loan Application Amount | $25,525,000 |
| Average Applicant Income | $106,202 |
| Highest Applicant Income | $1,770,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records The Farmers & Merchants Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Baxter, Arkansas | 86 | $ 16,680,000 | $ 193,953 | $ 135,000 |
| Washington, Arkansas | 64 | $ 41,070,000 | $ 641,718 | $ 120,000 |
| Randolph, Arkansas | 60 | $ 5,960,000 | $ 99,333 | $ 79,000 |
| Arkansas, Arkansas | 57 | $ 5,545,000 | $ 97,280 | $ 70,000 |
| Prairie, Arkansas | 57 | $ 2,985,000 | $ 52,368 | $ 74,000 |
| Craighead, Arkansas | 20 | $ 3,160,000 | $ 158,000 | $ 99,000 |
| Conway, Arkansas | 12 | $ 5,530,000 | $ 460,833 | $ 121,000 |
| Benton, Arkansas | 11 | $ 4,185,000 | $ 380,454 | $ 127,000 |
| Marion, Arkansas | 11 | $ 1,015,000 | $ 92,272 | $ 64,000 |
| Perry, Arkansas | 11 | $ 1,135,000 | $ 103,181 | $ 58,000 |
| Lawrence, Arkansas | 8 | $ 490,000 | $ 61,250 | $ 78,000 |
| Pulaski, Arkansas | 7 | $ 5,145,000 | $ 735,000 | $ 224,000 |
| Greene, Arkansas | 6 | $ 1,380,000 | $ 230,000 | $ 118,000 |
| White, Arkansas | 5 | $ 635,000 | $ 127,000 | $ 101,000 |
| Monroe, Arkansas | 4 | $ 410,000 | $ 102,500 | $ 60,000 |
| Sharp, Arkansas | 4 | $ 620,000 | $ 155,000 | $ 105,000 |
| Lonoke, Arkansas | 3 | $ 405,000 | $ 135,000 | $ 48,000 |
| Madison, Arkansas | 3 | $ 865,000 | $ 288,333 | $ 178,000 |
| Faulkner, Arkansas | 2 | $ 460,000 | $ 230,000 | $ 0 |
| Fulton, Arkansas | 2 | $ 410,000 | $ 205,000 | $ 35,000 |
| Garland, Arkansas | 2 | $ 650,000 | $ 325,000 | $ 176,000 |
| Izard, Arkansas | 2 | $ 380,000 | $ 190,000 | $ 181,000 |
| Saline, Arkansas | 2 | $ 290,000 | $ 145,000 | $ 105,000 |
| Lafayette, Mississippi | 2 | $ 1,430,000 | $ 715,000 | $ 602,000 |
| Howell, Missouri | 2 | $ 190,000 | $ 95,000 | $ 105,000 |
| Clay, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 70,000 |
| Cleburne, Arkansas | 1 | $ 385,000 | $ 385,000 | $ 490,000 |
| Cleveland, Arkansas | 1 | $ 95,000 | $ 95,000 | $ 0 |
| Cross, Arkansas | 1 | $ 85,000 | $ 85,000 | $ 66,000 |
| Desha, Arkansas | 1 | $ 145,000 | $ 145,000 | $ 324,000 |
| Franklin, Arkansas | 1 | $ 65,000 | $ 65,000 | $ 52,000 |
| Grant, Arkansas | 1 | $ 175,000 | $ 175,000 | $ 99,000 |
| Jefferson, Arkansas | 1 | $ 15,000 | $ 15,000 | $ 26,000 |
| Pike, Arkansas | 1 | $ 75,000 | $ 75,000 | $ 0 |
| Pope, Arkansas | 1 | $ 205,000 | $ 205,000 | $ 65,000 |
| Searcy, Arkansas | 1 | $ 315,000 | $ 315,000 | $ 170,000 |
| Sebastian, Arkansas | 1 | $ 365,000 | $ 365,000 | $ 138,000 |
| Yell, Arkansas | 1 | $ 285,000 | $ 285,000 | $ 118,000 |
| DeSoto, Mississippi | 1 | $ 365,000 | $ 365,000 | $ 79,000 |
| Ripley, Missouri | 1 | $ 175,000 | $ 175,000 | $ 135,000 |
| Stone, Missouri | 1 | $ 375,000 | $ 375,000 | $ 0 |
Mortgage Loan Application Detail Totals for The Farmers & Merchants Bank in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 267 | $81,375,000 | $304,000 | $25,525,000 | $120,000 | $1,770,000 |
| Refinancing | 79 | $15,445,000 | $195,000 | $1,405,000 | $94,000 | $321,000 |
| Home Improvement | 59 | $3,455,000 | $58,000 | $355,000 | $85,000 | $321,000 |
| Other Purpose | 54 | $3,940,000 | $72,000 | $365,000 | $79,000 | $317,000 |
| Cash-out Refinancing | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 341 | $46,045,000 | $135,000 | $715,000 | $101,000 | $719,000 |
| Not applicable | 53 | $41,225,000 | $777,000 | $25,525,000 | $0 | $0 |
| Not Provided | 29 | $7,245,000 | $249,000 | $1,515,000 | $175,000 | $1,770,000 |
| Hispanic | 13 | $3,465,000 | $266,000 | $705,000 | $112,000 | $324,000 |
| Black or African American | 11 | $395,000 | $35,000 | $105,000 | $54,000 | $139,000 |
| Asian | 10 | $5,090,000 | $509,000 | $1,405,000 | $115,000 | $281,000 |
| American Indian or Alaskan Native | 2 | $750,000 | $375,000 | $625,000 | $63,000 | $85,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 459 | $104,215,000 | $227,000 | $25,525,000 | $105,000 | $1,770,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 326 | $81,320,000 | $249,000 | $25,525,000 | $111,000 | $1,770,000 |
| Application Denied By Financial Institution | 74 | $12,560,000 | $169,000 | $4,305,000 | $78,000 | $324,000 |
| Application Approved But Not Accepted | 37 | $6,365,000 | $172,000 | $715,000 | $107,000 | $602,000 |
| Application Withdrawn By Applicant | 22 | $3,970,000 | $180,000 | $605,000 | $118,000 | $315,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 385 | $91,655,000 | $238,000 | $25,525,000 | $111,000 | $1,770,000 |
| Credit History | 42 | $3,320,000 | $79,000 | $305,000 | $77,000 | $324,000 |
| Debt-To-Income Ratio | 22 | $4,350,000 | $197,000 | $705,000 | $67,000 | $163,000 |
| Collateral | 5 | $4,585,000 | $917,000 | $4,305,000 | $125,000 | $169,000 |
| Unverifiable Information | 3 | $225,000 | $75,000 | $95,000 | $114,000 | $176,000 |
| Employment History | 2 | $80,000 | $40,000 | $55,000 | $57,000 | $90,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into The Farmers & Merchants Bank's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess The Farmers & Merchants Bank's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Arkansas, download the full spreadsheet
with aggregated HMDA statistics today.
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